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UPDATE 2-China Telecom chairman under investigation as anti-graft probe widens

2015-12-29 04:36:07| Telecom - Topix.net

The chairman of state-run China Telecom Corp Ltd is being investigated for alleged disciplinary violation, the ruling Communist Party's anti-corruption watchdog said, the latest senior executive to be caught in an anti-graft dragnet. The official, Chang Xiaobing, is "suspected of serious violation of discipline", the Central Commission for Discipline Inspection said in a statement on its website on Sunday.

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China Telecom CEO under probe for 'disciplinary violations'

2015-12-28 09:32:00| Telecompaper Headlines

(Telecompaper) China Telecom has announced that, according to the information disclosed on the website of CPC Central Commission for Discipline and Ministry of Supervision of the People's Republic of China, Chang Xiaobing, the former chairman of China United Network Communications Group and the current chairman of China Telecommunications, is currently under investigation by the relevant authorities for suspected serious disciplinary violations. Xiaobing is chairman of the board and CEO of China Telecom. China Telecom also reports it currently maintains normal business operations.

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China Telecom head under investigation

2015-12-28 01:16:35| BBC News | Business | UK Edition

The chairman of one of China's largest state-owned mobile operators, China Telecom, is being investigated by the country's anti-corruption watchdog.

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Telecom Italia handed EUR 21.5 mln antitrust fine

2015-12-24 08:51:00| Telecompaper Headlines

(Telecompaper) Telecom Italia and six other companies have been fined a total of EUR 28 million by anti-trust regulator AGCM for anticompetitive conduct in the procedure for assigning network maintenance services. Telecom Italia and its external suppliers Alpitel, Ceit Impianti, Sielte, Sirti, Site and Valtellina were accused of collusion in relation to restoration of service operations resulting from a report by an end user, namely the operators Fastweb and Wind, between 05 July 2012 and 01 February 2013. Telecom Italia, which was handed a EUR 21.5 million fine, issued a statement saying it had acted lawfully and would be appealing to the Regional Administrative Court of Lazio, the main Italian administrative court of first instance, to demonstrate the non-existence of the alleged anticompetitive conduct.

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Telecom Italia SpA (TI) Upgraded at Zacks Investment Research

2015-12-23 05:47:54| Telecom - Topix.net

The brokerage presently has a $14.00 price target on the stock. Zacks Investment Research 's price objective points to a potential upside of 13.45% from the stock's current price.

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